Spain's BBVA Runs out of Room for Friendly Merger With Sabadell 

Spain's Banco Bilbao Vizcaya Argentaria got the cold shoulder in its attempt to revive a merger with smaller rival Banco de Sabadell. While some analysts still think a deal is possible, a friendly approach seems to have been ruled out.

Wells Fargo Hires Ex-JPMorgan Investment-Bank Boss Fernando Rivas 

The San Francisco lender is focused on expanding its relatively small investment bank.

Lone Pine Capital Resumes Private-Market Investments 

Investment firm Lone Pine Capital resumed backing private companies, more than two years after shifting its focus to publicly traded businesses.

BOJ Governor Says Early Rate Hike Possible if Prices Rise Faster Than Expected 

Bank of Japan Gov. Kazuo Ueda said he is open to the idea of early interest-rate increases if inflation rises at a faster pace than the bank's projections.

Sweden Cuts Rate as Europe Moves Ahead of the Fed 

The Riksbank cut its key rate to 3.75% from 4%, in line with forecasts, becoming only the second central bank from a rich, advanced economy to begin its easing cycle following the post-pandemic surge in inflation.

Hannon's Take: The Risk of Waiting for the Fed 

For Europe's central banks, moving ahead of the Federal Reserve risks a depreciation of the national currency. But there is another argument.

Munich Re Says Full-Year Profit Could Top EUR5 Billion 

The German reinsurer posted net profit for the first three months of 2024 of $2.3 billion, in line with preliminary figures, and said it was "more likely" it would surpass its full-year profit target.

Financial Services Roundup: Market Talk 

ANZ, QBE and more in the latest Market Talks covering Financial Services.

KKR to Buy Perpetual's Units for Over $1 Billion 

The Australian financial company will become a stand-alone, multi-boutique asset management business with the sale of its corporate trust and wealth management divisions to KKR.

Pricier Insurance Makes Sense as Climate Risk Grows, Chubb CEO Says 

Speaking in California, Evan Greenberg says industry has been setting premiums 'very rationally,' adding that it didn't tell people to 'build magnificent homes in a wildfire zone.'

(END) Dow Jones Newswires

05-08-24 1115ET